Group 1 - China National Airlines (601111) announces that Shenzhen Airlines is a non-wholly owned subsidiary, with the company holding 51% and Shenzhen International Logistics (49%) [1] - Shenzhen Airlines plans to raise a total of RMB 16 billion through equity financing, with the company contributing up to RMB 8.16 billion based on its ownership percentage [1] - The first phase of financing aims to raise RMB 2 billion through public solicitation and an additional RMB 2.08163 billion through a private agreement [1] Group 2 - After the first phase, the company and investors will complete the remaining investment of up to RMB 12 billion according to the 51%:49% ratio [2] - The financing will enhance Shenzhen Airlines' capital strength, improve its capital structure, and reduce debt burden, laying a solid foundation for high-quality development [3] - The financing will help Shenzhen Airlines leverage policy advantages in the Guangdong-Hong Kong-Macao Greater Bay Area, consolidate its market share, and enhance the competitiveness of Shenzhen Airport as an international hub [3]

Group 1 - China National Airlines (CNA) announced that Shenzhen Airlines is a non-wholly owned subsidiary, with CNA holding 51% and Shenzhen International Logistics holding 49% [1] - Shenzhen Airlines plans to raise a total of RMB 16 billion through equity financing, with CNA's contribution not exceeding RMB 8.16 billion [1] - The first phase of financing aims to raise RMB 2 billion through public solicitation and an additional RMB 2.08163 billion through a private agreement [1][2] Group 2 - After the first phase, CNA and investors will complete the remaining investment of up to RMB 12 billion according to the 51%:49% ratio [2] - Shenzhen International Logistics has waived its preemptive rights for the new registered capital in this financing [3] - This financing will enhance Shenzhen Airlines' capital strength, improve its capital structure, and reduce debt burden, laying a solid foundation for high-quality development [3]